New York Markets After Hours

U.S. stocks lose most gains as earnings in view

KateGibson

NEW YORK (MarketWatch) -- U.S. stocks relinquished the bulk of Thursday's gains as the technoogy sector took a hit and after Tiffany & Co.
tif
reported holiday sales that hinted the luxury retailer's rapid growth of recent years was languishing in the United States, Europe and Japan. "The jobs data was benign, and the wholesale data nobody cares about. These are not market-moving reports," said Dan Greenhaus, chief global strategist at BTIG LLC. "Especially with earnings season beginning, we're much more focused on stock-specific reports," he added. After a 54-point rise, the Dow Jones Industrial Average
djia
was up 10.68 points at 13,041.11. The S&P 500 index
spx
retained a 2.57-point rise at 1,463.59. Tiffany shares led losses on the S&P 500, down 3.7%. The Nasdaq Composite
comp
fell 2.15 points to 3,103.66.

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